1572 Lancaster Dr Salem, OR 97301

Property Details for 1572 Lancaster Dr

Lot size

2.42 lot acres

Property size

24,840 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional retail opportunity is situated at 1572 Lancaster Dr NE, conveniently located just off the intersection of NE Market Street and NE Lancaster Drive, across from Fred Meyer and north of Lancaster Mall. The property boasts a total of 24,840 square feet, with a single, available suite encompassing 5,592 square feet. This well-established retail complex benefits from its position in a heavily trafficked area, ensuring high visibility and potential customer reach. The property sits on a 2.42-acre lot and is zoned MU-III (Mixed-Use III), offering flexibility for a variety of commercial uses. The 5,592 square foot space was previously a nightclub and retains existing bar and kitchen infrastructure, including two fryers, a sink, a two-burner range with griddle, and two standard ovens. Its proximity to Interstate-5 North and South (less than two minutes away) provides unparalleled accessibility for both customers and employees. This is an ideal location for a business seeking high visibility and convenient access to major transportation routes. The property presents a unique opportunity to establish or expand a business within a thriving commercial environment. The existing kitchen equipment offers significant potential for food-related businesses, while the flexible zoning allows for a range of other commercial ventures. This is a rare opportunity to acquire a well-located, established retail space with significant potential.

Location Insight

City

Salem

County

Yamhill

State

Oregon

Longitude

-122.983

Latitude

44.9486